Sea-Intelligence has released issue 156 of the Global Liner Performance (GLP) report, providing schedule reliability data up to July 2024. According to a statement, this report is extensive, covering schedule reliability across 34 trade lanes and over 60 carriers; however, this press release will focus on the global highlights.
In July 2024, global schedule reliability dropped by 2.1 percentage points month-over-month (M/M) to 52.1%. This level is nearly the same as at the beginning of the year, consistent with 2024’s trend of reliability fluctuating between 50% and 55%. Year-over-year (Y/Y), schedule reliability in July 2024 was down by 12.0 percentage points.
The average delay for late vessel arrivals slightly improved, decreasing by 0.02 days M/M to 5.24 days, a figure only surpassed by the pandemic peaks of 2021-2022. Compared to the previous year, the July 2024 delay figure was 0.63 days higher.
Moreover, Maersk was the most reliable among the top 13 carriers in July 2024, with schedule reliability of 54.6%. Three other carriers also surpassed the 50% mark, while the remaining nine carriers fell within the 40%-50% range. Wan Hai was the least reliable carrier, with a reliability of 41.3%.
Only ZIM and MSC achieved M/M improvements in schedule reliability in July 2024, with Wan Hai experiencing the largest decline at 11.6 percentage points. “On a Y/Y level, none of the carriers recorded an increase in schedule reliability, with Yang Ming recording the smallest decline of -5.2 percentage points and Wan Hai recording the largest Y/Y decline of -27.4 percentage points,” stated Alan Murphy, CEO of Sea-Intelligence.